Over-assessed vs. comparables

990 SW 36 Ct

Miami, 33135 · Miami-Dade County, Florida · multifamily property · 7,431 sq ft · Fla. Stat. s.193.011(8)

$11,288estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Miami-Dade public rollFlorida
Current assessment$2,500,000
What the comparable sales support$1,918,123
Estimated over-assessment$581,877 · 23.3%
Comparable basis$304/SF
Estimated tax saved / year$11,288

Straight from the public Florida roll. The estimated saving applies an estimated composite millage to the over-assessment. We adjust comparables for size, age, and location before we say a word about your property — and we never name owners.

The comparable basis

The 8 comparable sales behind the number

Each comparable is adjusted toward this property for size and age, then we take the median. Owners are never named — only the public sale figures matter.

Comparable sale $/SFAdjusted $/SFSizeBuilt
$199$1987,334 SF1969
$275$2587,194 SF1958
$284$2685,982 SF1962
$289$2786,406 SF1965
$286$2858,310 SF1967
$341$3225,424 SF1964
$401$3846,858 SF1963
$384$3888,980 SF1968

Why this is the lever

Fla. Stat. s.193.011(8)

Under s.193.011(8), Just Value must be net of the usual and reasonable costs of sale (customarily ~15%). Where an assessment meets or exceeds the gross price comparable properties actually sold for, it cannot reflect net-of-cost just value, and the Value Adjustment Board can reduce it.

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